Puerto Rico Sample Letter for Reinstatement of Loan - Compromise of Matter

• Category: Letters - Loans and Lending - Reinstatements
• State: Multi-State
• Control #: US-0744LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Address] [City, State, ZIP] [Date] [Bank Name] [Loan Department] [Address] [City, State, ZIP] Subject: Request for Reinstatement of Loan — Compromise of Matter Dear Sir/Madam, I hope this letter finds you well. I am writing to you regarding my loan account [Loan Account Number] which was suspended due to unforeseen circumstances. I understand the importance of maintaining a good credit history and fulfilling my financial obligations, which is why I am reaching out to request the reinstatement of my loan. Furthermore, I am a resident of Puerto Rico and have been facing extreme financial hardship due to the recent natural disasters that have plagued the region. Unfortunately, my ability to make timely repayments on my loan was severely impacted by the devastating effects of these events. However, I am committed to rectifying this situation and meeting my obligations. I have carefully assessed my current financial situation and am now in a position to resume making regular repayments on my loan. I have devised a plan that will allow me to stay current on the loan and gradually pay off the outstanding balance. Furthermore, I humbly request your consideration in allowing me to reinstate my loan under these terms. Outlined below are the proposed terms of repayment: 1. Monthly repayment amount: [Proposed Monthly Amount] 2. Duration of repayment plan: [Proposed Duration] 3. Interest rate: [Current Interest Rate or Proposed Rate if Negotiated] 4. Lump sum payment towards outstanding balance: [If applicable] I understand that my account may have been flagged or categorized as a delinquent loan due to the previous missed payments. However, I kindly request that you review my case sympathetically and take into account the extenuating circumstances I have faced in Puerto Rico. I assure you that I am sincere in my commitment to rectify this matter and regain a healthy financial standing. I am optimistic that, with your assistance, I will be able to resolve this issue effectively and maintain a positive relationship with your esteemed institution. Please find attached the required documents, including proof of my current financial situation and proposed repayment plan. I would be grateful if you could consider my request for loan reinstatement and provide me with any further guidance or documentation necessary to proceed with the process. I appreciate your time and attention to this matter. If you require any additional information or have any questions, please do not hesitate to contact me at [Your Contact Number] or [Your Email Address]. I look forward to a favorable response from your end regarding the reinstatement of my loan. Thank you for your understanding and cooperation. I truly value the opportunity to address this matter and work with you to find a mutually beneficial solution. Sincerely, [Your Name] [Loan Account Number]

[Your Name] [Your Address] [City, State, ZIP] [Date] [Bank Name] [Loan Department] [Address] [City, State, ZIP] Subject: Request for Reinstatement of Loan — Compromise of Matter Dear Sir/Madam, I hope this letter finds you well. I am writing to you regarding my loan account [Loan Account Number] which was suspended due to unforeseen circumstances. I understand the importance of maintaining a good credit history and fulfilling my financial obligations, which is why I am reaching out to request the reinstatement of my loan. Furthermore, I am a resident of Puerto Rico and have been facing extreme financial hardship due to the recent natural disasters that have plagued the region. Unfortunately, my ability to make timely repayments on my loan was severely impacted by the devastating effects of these events. However, I am committed to rectifying this situation and meeting my obligations. I have carefully assessed my current financial situation and am now in a position to resume making regular repayments on my loan. I have devised a plan that will allow me to stay current on the loan and gradually pay off the outstanding balance. Furthermore, I humbly request your consideration in allowing me to reinstate my loan under these terms. Outlined below are the proposed terms of repayment: 1. Monthly repayment amount: [Proposed Monthly Amount] 2. Duration of repayment plan: [Proposed Duration] 3. Interest rate: [Current Interest Rate or Proposed Rate if Negotiated] 4. Lump sum payment towards outstanding balance: [If applicable] I understand that my account may have been flagged or categorized as a delinquent loan due to the previous missed payments. However, I kindly request that you review my case sympathetically and take into account the extenuating circumstances I have faced in Puerto Rico. I assure you that I am sincere in my commitment to rectify this matter and regain a healthy financial standing. I am optimistic that, with your assistance, I will be able to resolve this issue effectively and maintain a positive relationship with your esteemed institution. Please find attached the required documents, including proof of my current financial situation and proposed repayment plan. I would be grateful if you could consider my request for loan reinstatement and provide me with any further guidance or documentation necessary to proceed with the process. I appreciate your time and attention to this matter. If you require any additional information or have any questions, please do not hesitate to contact me at [Your Contact Number] or [Your Email Address]. I look forward to a favorable response from your end regarding the reinstatement of my loan. Thank you for your understanding and cooperation. I truly value the opportunity to address this matter and work with you to find a mutually beneficial solution. Sincerely, [Your Name] [Loan Account Number]